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2504 Roxmoor Dr
Austin, TX

2504 Roxmoor Dr

$779,000
5 bd • 3 ba • 2,052 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$779,000

Price/Sq.Ft

$380

Year Built

1962

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property offers exceptional value with its complete renovation and modern updates. At $379.63/sqft, it's priced 15% below the Austin average of $446/sqft for similar homes. The down-to-studs renovation includes new electrical, insulation, plumbing, and HVAC, essentially offering new construction quality at a resale price. The 5-bedroom, 3-bathroom layout in 2,052 sqft is 20% larger than the average home in the area (1,710 sqft). Vaulted ceilings and an open floor plan create a spacious feel, while two primary suites offer flexibility for multi-generational living or rental potential. The property's flood risk score of 1/10 is significantly better than Austin's average of 4/10, potentially lowering insurance costs.

The Bad

The property has been on the market for 35 days, which is slightly above the Austin average of 30 days, suggesting potential pricing or market challenges. Two price reductions totaling 2.5% indicate possible overpricing initially. The home's age (built in 1962) may concern some buyers, despite the extensive renovation. The Northeast Early College High School's low rating of 2/10 could impact future resale value and family appeal. The severe heat risk (8/10) may lead to higher cooling costs during Austin's hot summers.

The Ugly

The severe wind risk (8/10) is a significant concern, potentially leading to 20-30% higher insurance premiums and increased maintenance costs. Annual homeowners insurance is estimated at $2,804.40, which is about 15% above the Texas average. The moderate fire risk (3/10) adds to insurance concerns. While the renovation is extensive, unforeseen issues related to the original 1962 construction could arise, potentially leading to unexpected repair costs. The inclusion of garage square footage in the total may mislead buyers about the actual living space, which could be closer to 1,800 sqft if a standard two-car garage is subtracted.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for growing families or multi-generational households seeking a move-in ready home with ample space. With 5 bedrooms and 3 bathrooms, it can accommodate various living arrangements. The open floor plan and modern updates appeal to those wanting a contemporary feel without the premium of new construction. Investors could benefit from the potential for house hacking or creating an accessory dwelling unit with the two primary suites. The property suits buyers with household incomes above $150,000, based on a 28% front-end DTI ratio for a conventional mortgage with 20% down.

Not For

This property is not suitable for buyers seeking a smaller, low-maintenance home or those on a tight budget, given the size and potential upkeep costs. It may not appeal to families prioritizing top-rated high schools, due to the nearby high school's low rating. First-time homebuyers might find the total costs, including higher insurance premiums, challenging to manage. Those highly sensitive to heat may struggle with the severe heat risk, especially if they can't afford significant energy bills for cooling.
Demographics
Area Median Income

$76,535

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Risk Assessment

Climate Risks

heatSEVERE

7 extreme heat days per year

98th percentile: 108°F

windSEVERE

Insurance: Required

fireMODERATE

Insurance: Recommended

airMINOR

1 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

Risk Analysis

The severe wind risk (8/10) poses a significant threat to the property, potentially leading to damage and increased insurance costs. The moderate fire risk (3/10) adds to the overall climate-related concerns. While flood risk is minimal, the clay soil typical in Austin can lead to foundation issues over time, especially with extreme weather patterns. The home's age (59 years) means that despite renovation, some original systems or structural elements may require attention in the coming years. The rapidly appreciating Austin market could lead to substantial property tax increases, potentially straining homeowners' budgets over time.
Insurance
Annual Cost

$2,804

$234 per month

Financials

Monthly Costs

Price History

Property Taxes

$0
2024 Tax Assessment
NaN%from previous year
Assessed Value$530,268
Tax Rate0.00%

Location & Comparables

Subject Property
Comparable Sales
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Frequently Asked Questions

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Potential Savings

$23,370

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